AAFM Exam CTEP Topic 8 Question 34 Discussion

Actual exam question for AAFM's CTEP exam

Question #: 34
Topic #: 8

The threshold amount for tax on Net Investment Income is __________in the case of a joint return or surviving spouse, _________in the case of a married individual filing a separate return.

A$250,000; $125,000

B$125,000; $250,000

C$350,000; $175,000

D$175,000; $350,000

Show Suggested Answer

Suggested Answer: A

by Janey at Feb 10, 2024, 10:37 PM

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Ellen

6 months ago

Yeah, it's important to know these thresholds for tax purposes, especially when filing as a couple or on your own.

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Lucille

6 months ago

That makes sense, $125,000 for married individuals filing separately also sounds reasonable.

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Latonia

7 months ago

I remember reading that option A is the correct one, as $250,000 seems to be a reasonable threshold for joint returns.

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Ellen

7 months ago

I believe it's $125,000 in the case of a married individual filing a separate return.

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Lucille

7 months ago

I think the threshold amount for tax on Net Investment Income is $250,000 in the case of a joint return or surviving spouse.

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